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Babcock & Brown Says Fund
Exceeds $2.19 Billion Target

By

David Rothnie

Updated Dec. 4, 2007 12:01 a.m. ET

Australian-listed Babcock & Brown Ltd. said its European Infrastructure Fund had exceeded its &euro;1.5 billion ($2.19 billion) target and will look for investments in the energy, water and transport sectors as well as other critical infrastructure assets.

The Sydney-based global investment-management group's fund-raising effort totaled &euro;2.17 billion, as it joined the scramble for European infrastructure assets with...